Finance

7-Eleven CEO Joe Depinto to Retire, Interim Co-CEOs Named

MR
Maya Rodriguez
Financial Analyst
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7-Eleven, one of the world's largest convenience store chains, has announced that its CEO, Joe Depinto, will be retiring. Depinto has been at the helm of the company since 2018 and has overseen significant growth and expansion during his tenure.

The company has named two interim co-CEOs to take over Depinto's responsibilities: Chris Tanco and Joseph DePinto Jr. Tanco has been with 7-Eleven for over 20 years and has held various leadership positions within the company. DePinto Jr. has also been with the company for many years and has experience in operations and finance.

The transition is expected to be smooth, with both Tanco and DePinto Jr. having a deep understanding of the company's operations and strategy. The company has not announced a timeline for the permanent replacement of Depinto.

7-Eleven has been a leader in the convenience store industry, with over 70,000 locations in 19 countries. The company has been focused on innovation and customer experience, with initiatives such as mobile ordering and self-service kiosks.

The retirement of Depinto marks the end of an era for 7-Eleven, but the company is confident in its ability to continue to grow and thrive under new leadership.

Sources

[1] 7-Eleven CEO Joe Depinto to retire, interim co-CEOs named